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Video

  • 8 minutes

Allocating Overhead Costs to Construction Projects - Direct Costs

 

Direct costs give you the best idea of where you are with a project.

Direct costs, or those costs associated with specific work to put in place, allow you to measure actual performance against your estimates. Typical direct costs include labor wages and related payroll taxes fringe benefits, including work compensation, liability insurance, vacation, and sick time. They also include material costs incorporated into the job, subcontractor costs, and charges for specific contract fees and assessments including tax, freight, and storage. This video reviews the typical direct costs of a construction project and how direct costs work into the construction circle.

Runtime: 7 minutes
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Agenda

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Faculty

Theran J. Welsh, CPA

Theran J. Welsh, CPA

SVA Certified Public Accountants

  • Principal with SVA Certified Public Accountants, S.C. and leads the Construction Services Group
  • Certified public accountant advising construction clients to help them better understand their cost structure, with a specific focus on improving profitability
  • Assists clients in developing cash flow projections, analyzing overhead recovery methods, recommending tax structure, identifying areas of tax exposure, and determining specific opportunities for tax savings
  • Past president of the associate members of Associated General Contractors (AGC) of Wisconsin and a frequent writer on industry issues for local and national industry publications
  • Graduate, University of Wisconsin-Madison
  • Can be contacted at 608-826-2039 or [email protected]
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